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| Audit the Fed | |
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| Tweet Topic Started: May 13 2009, 12:58 PM (509 Views) | |
| hoosierinhogville | May 13 2009, 09:50 PM Post #16 |
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Coach
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Maybe maybe not, but that isn't the point. The point is to ask you to sign a petition that asks Pelosi to allow the bill to come to the floor. The bill isn't to get rid of the Fed. It is to audit the Fed. So, i will ask again since you didn't answer. Don't you think transparency a good thing? DO you think the Fed should be able to operate with complete autonomy and secrecy? I don't think you do. So what is your problem then? |
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| HoosierLars | May 13 2009, 10:27 PM Post #17 |
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3 in a row
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Transparency is good, the Fed should provide details about its monetary policies, and I didn't read the details of the bill. Maybe the inflammatory rhetoric is good for mobilizing the faithful, but it turns me off. And even if it is a good bill, there's no chance a Pelosi controlled house will allow it to get through. So there's my "problem." |
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| hoosierinhogville | May 13 2009, 10:38 PM Post #18 |
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Coach
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What does that have to do with anything? If it is a good bill you can support it regardless of if it ever comes to pass. When PU was going through its down years you weren't any less of a fan where you? I will try to find the actual text of the bill sometime in the next day or two and post it on here. I have read it before, but i can't remember where exactly, so i will have to do some searching for it. |
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| brumdog44 | May 14 2009, 06:03 AM Post #19 |
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The guy picked last in gym class
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Yeah.......but it most definitely would pass through a republican led house. :sarcasm: You see, bad government is the issue, not assigning individual blame. |
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| Mr Gray | May 14 2009, 08:27 AM Post #20 |
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Coach
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Lars, Purdue has no chance of winning a basketball championship....do you propose that they just abolish the program? |
![]() The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism. | |
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| HoosierLars | May 14 2009, 09:03 AM Post #21 |
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I think there was a good chance the '94 Congress (and upcoming 2010 Congress) would consider this bill, and possibly pass it. Spending money on this bill now makes about as much sense as trying to sponsor an anti-abortion bill. |
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| HoosierLars | May 14 2009, 09:09 AM Post #22 |
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First of all, Aaron, college bball isn't about winning NC's, it's about playing to the best of your ability and putting yourself in a position to win games and titles. Look at Duke and all of the tremendous talent they've had the last 15 years, and how many times they've been bounced early. Coach K is arguably the best active coach, but there is a great deal of parity in college bball, and winning it all normally takes a certain amount of luck. I understand that IU basketball has gone through some tough times, and it's natural for its fans to hold winning a NC over the heads of Purdue fans. But most Purdue fans enjoy college bball and follow the team through thick and thin, and there's very little pressure to win it all. |
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| hoosierinhogville | May 14 2009, 09:14 AM Post #23 |
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Coach
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It must be nice to go through life with such low expectations. |
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| Mr Gray | May 14 2009, 09:26 AM Post #24 |
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Coach
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ok, didn't mean to hijack the thread UB style.....back to topic. Lars, every company of any marginal size in the US is subject to audit from time to time, whether by the IRS, the state, internal CPA, investors, banks....etc. the fed controls our entire monetary system.....we shouldn't just audit them now, we should audit them annually. |
![]() The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism. | |
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| hoosierinhogville | May 14 2009, 09:36 AM Post #25 |
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Coach
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I agree, and i would hope that is the next step, though this bill only seems to be a one time thing. |
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| hoosierinhogville | May 14 2009, 09:40 AM Post #26 |
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Coach
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Aaron i see you lurking on here. Since you seem to be in favor of it, i am sure you will be glad to know that Mike Pence is one of now 162 co-sponsers of this bill. Unfortunately my Rep is not, though i do plan on shooting him an email at some point this week. |
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| HoosierLars | May 14 2009, 10:03 AM Post #27 |
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3 in a row
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It's a great way to live. You bring your best everyday, and enjoy the competition. It's much healthier than living in the past, and always feeling like you have to meet some old expectations. It's kind of like a kid growing up in his dad's shadow, and feeling like a failure if he isn't a sports superstar or CEO. Maybe the kid can fill those shoes, but he should be able to live a full, happy life by striving to improve and do his best everyday. |
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| HoosierLars | May 14 2009, 10:06 AM Post #28 |
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I agree 100%, and also think we should pass a balanced budget amendment. I think I'll shoot Pelosi an email. |
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| thePhilosopher | May 14 2009, 10:55 AM Post #29 |
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All-Star
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"No, the panics in the 1800's were far worse." The Great Depression was the worst economic collapse in modern times, and that's post-1913. Even if I grant your point, the worst is still to come for the current system. And every single economic problem we have in this country has something to do with the action of the Fed, since the control of monetary policy is paramount in economics. However, you still fail to acknowledge it was created with the utopian goal of endless economic stability. This goal has never, and will never, be met. Depressions are now scientifically created by the Federal Reserve, in the words of Charles Lindbergh, a Congressman in 1913. "The real measure is the ratio of people's earning to prices. This ratio continued steadily until the 70's. Globalization is a major reason why this ratio has stayed flat, and maybe even declined some the last two decades." Maybe there's some grain of truth to this view, but it seems short sighted to me. You seem to think that hyperinflation will never be a problem, at least, to the extent that Old School, trouble, myself, and others here believe it is/could be. But on your view, everything only goes up, and indefinitely so. And we know this isn't the case and couldn't be the case. Inflation IS a problem because, eventually, employers won't be able to meet their employees salary needs. Eventually, basic goods cost quite a bit more, which will effect the lower class first, since they spend the most, percentage wise, of their salary on consumable and required goods. Maybe it hasn't been a problem in the past few decades, but we were riding the wave of easy credit and easy money, all brought to you by the Fed. That will come to an end eventually. Help us save the system now while we still can. |
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| yawnzzz | May 14 2009, 12:03 PM Post #30 |
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Coach
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I'm on the board of a nonprofit organization that only raises roughly $100,000 per year, and we're even required by our parent organization to spend a good chunk of our income on an audit every single year. It's ridiculous that the Fed isn't audited yearly. |
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